Usually means: Buyers and sellers bid simultaneously.
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We found 5 dictionaries that define the word double auction:

General (1 matching dictionary)
  1. Double auction: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. Double auction: Legal dictionary
  2. Double auction, Double auction: Financial dictionary

Computing (1 matching dictionary)
  1. Double auction: Encyclopedia

Definitions from Wikipedia (Double auction)

noun:  A double auction is a process of buying and selling goods with multiple sellers and multiple buyers.

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